BTC will go down to 20

[Frizz23]

It's actually pretty simple. Basis Elliott Wave knowledge is sufficient to understand the BTC market.

Wave C will go down to where the "bubble" started. OK maybe not the full way ($10), but something like $20 or $25.

[UltimateReaper]

You're out of your mind.

[Frizz23]

You're out of your mind.

Possibly. But I made good money trading wave 5, A and B.

[randrace]

Move the peak of 'B' to April 25th.

[adamstgBit]

can i have a puff?

[UltimateReaper]

You're out of your mind.

Possibly. But I made good money trading wave 5, A and B.

Hey sanity is overrated, I just don't think that price is possible. There are more people in the market now than then. Ergo,more demand, math, higher price.

[underground_]

You're out of your mind.

Possibly. But I made good money trading wave 5, A and B.

Hey sanity is overrated, I just don't think that price is possible. There are more people in the market now than then. Ergo,more demand, math, higher price.

As prices sink over the following months many will leave. Sure, we all say "If it goes to $50 I'm going all in!" But that's not the way it actually works. Once we break out under $50 the selling pressure will be huge.

[schmokel]

As prices sink over the following months many will leave. Sure, we all say "If it goes to $50 I'm going all in!" But that's not the way it actually works. Once we break out under $50 the selling pressure will be huge.

Hmmm.  That would be a tremendous wall to sell through, but if it is sold through, confidence will be (temporarily) shattered.  Currently $50 is the mental safety-net.

[UltimateReaper]

You're out of your mind.

Possibly. But I made good money trading wave 5, A and B.

Hey sanity is overrated, I just don't think that price is possible. There are more people in the market now than then. Ergo,more demand, math, higher price.

As prices sink over the following months many will leave. Sure, we all say "If it goes to $50 I'm going all in!" But that's not the way it actually works. Once we break out under $50 the selling pressure will be huge.

All I care about is multiplying my BTC in that time frame. It could go up, it could go down, doesn't matter, more BTC, more happy. This is how you win the game.

[donjoe]

There are more people in the market now than then. Ergo,more demand, math, higher price.

I wouldn't be so sure. You're forgetting that a number of exchanges have shut down or blocked accounts recently, which scared some people away from Bitcoin forever, that Gox is getting sued, which scares even more people and that Google Trends shows the search volume for the term "bitcoin" has dropped back to February levels and seems to be continuing on that downward trend.

This is the April 2013 Crash and it's not over 'til it's over.

[film2240]

It's starting to look that way.BTC is really starting to drop.I wonder if it'll follow another cycle where the value gets really low (£1.78 GBP per BTC like I saw once) before steadily rising again for a while before peaking like it did a short while ago?

[bitarrow]

You're out of your mind.

Possibly. But I made good money trading wave 5, A and B.

Hey sanity is overrated, I just don't think that price is possible. There are more people in the market now than then. Ergo,more demand, math, higher price.

As prices sink over the following months many will leave. Sure, we all say "If it goes to $50 I'm going all in!" But that's not the way it actually works. Once we break out under $50 the selling pressure will be huge.

All I care about is multiplying my BTC in that time frame. It could go up, it could go down, doesn't matter, more BTC, more happy. This is how you win the game.

+1000

[superduh]

using the out of my ass (tm) analysis clearly this is a donkey balls bear crush wave.
this means that it will be way over 200 by the end of may

[shibaji]

Awesome! Bring it down - I will be waiting to jump in! 

[randrace]

As prices sink over the following months many will leave. Sure, we all say "If it goes to $50 I'm going all in!" But that's not the way it actually works. Once we break out under $50 the selling pressure will be huge.

Hmmm.  That would be a tremendous wall to sell through, but if it is sold through, confidence will be (temporarily) shattered.  Currently $50 is the mental safety-net.

This feels right to me. Whenever I want to predict what the market will do I start by asking, "What would I do?" If the price drops to the $5o range again, I'm going to be buying all that I can. If there are many buyers out there like me, the price is going to have a hell of a time going below $50.

[Biro Bob]

I think that a lot of people that believe in Bitcoin are just hanging fire - until they identify their perceived bottom, and then will re-invest the same amount of capital but with a larger quantity of coins purchased.

[giantdragon]

The price was about $50 before Cypriot crisis ballooned the bubble, so I don't think Bitcoin will ever fall below it.
Also don't forget about reward halving and difficulty increase which made unprofitable selling mined coins below $30-50.

[seleme]

It's funny to see people still thinking it's Cyprus that caused the bubble, lol.

[bitleif]

You're out of your mind.

Shush, none shall question the great Idiot Wave theory.

[anu]

It's actually pretty simple. Basis Elliott Wave knowledge is sufficient to understand the BTC market.

Wave C will go down to where the "bubble" started. OK maybe not the full way ($10), but something like $20 or $25.

Lucky that the price history isn't slightly different, otherwise it would go down to -20